BankRI awards $94K in grants to local nonprofits BANK RHODE ISLAND has awarded $94,750 in grants to 38 local nonprofits for various initiatives. PROVIDENCE – Bank Rhode Island recently announced that it has awarded $94,750 in grants to 38 local nonprofits for various initiatives. The funding helped organizations offer support to the community in multiple ways during the COVID-19 pandemic. BankRI CEO and President Mark J. Meiklejohn said in a statement that it is clear that many Rhode Islanders continue to struggle with their lives during the pandemic and it’s particularly true of those who are helped by the organizations that received grant funding.